U.S. stocks end mixed ahead of Trump's Iran deadline


NEW YORK, April 7 (Xinhua) -- U.S. stock indices closed mixed on Tuesday, as traders wished for a last-minute Iran deal.

The Dow Jones Industrial Average fell by 0.18 percent to 46,584.46. The S&P 500 added 0.08 percent to 6,616.85. The Nasdaq Composite Index increased by 0.1 percent to 22,017.85.

Six of the 11 primary S&P 500 sectors ended in green, with communication services and energy leading the gainers by adding 1.04 percent and 0.78 percent, respectively. Consumer staples and consumer discretionary led the laggards by going down 1.76 percent and 0.91 percent, respectively.

West Texas Intermediate crude futures gained about 0.5 percent to trade above 112 U.S. dollars per barrel, while international Brent crude futures settled at 109.27 dollars per barrel.

The New York Federal Reserve's March survey of consumer expectations showed more U.S. households anticipating they will be financially worse off in the year ahead, citing rising gas and food prices linked to the ongoing war against Iran.

Health insurer stocks jumped sharply after the Centers for Medicare and Medicaid Services finalized a better-than-expected Medicare Advantage payment rate increase of nearly 2.5 percent on average for 2027, marking a significant improvement from the initial proposal of 0.1 percent. Shares of UnitedHealth Group, CVS, and Humana all rose more than 6 percent.

Broadcom gained 6.21 percent as a bright spot, supported by the company's announcement of expanded artificial intelligence computing deals with Google and Anthropic. Meanwhile, Apple declined 2.07 percent after reports highlighted engineering challenges facing the company's anticipated foldable iPhone models.

Universal Music Group soared 13.73 percent following news that Bill Ackman's Pershing Square Capital Management is pursuing a potential acquisition of the music giant, home to artists including Taylor Swift, Drake, and Bad Bunny.

Market sentiment remained cautious as the 8 p.m. Eastern Time deadline approached, with traders closely watching developments in the Middle East that could further influence energy prices in the coming days.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

US soldier's wife freed from ICE detention as deportation attempt continues
Flash: Iran says it has forced U.S. to accept its 10-point plan -- statement
Trump says he has agreed to two-week ceasefire with Iran
Trump says he has agreed to suspend 'bombing and attack of Iran' for two weeks
South Africa receives 1st shipment of HIV prevention medicine Lenacapavir
US disrupts Russian military-run DNS hijacking network, Justice Department says
Cyprus sees sharp decline in air passenger traffic amid Mideast tensions
Macron calls for defending multilateralism in global health
ICE says it shot man who tried to ram officers with car
Serbian products target China market at Belgrade event

Others Also Read